Double Eagle Petroleum Reports Cash Dividend on Its Series A Cumulative Preferred Stock
09 Giugno 2009 - 4:36PM
PR Newswire (US)
DENVER, June 9 /PRNewswire-FirstCall/ -- Double Eagle Petroleum Co.
(NASDAQ:DBLE) reported today that its Board of Directors declared a
cash dividend on its 9.25% Series A Cumulative Preferred Stock
("Series A Preferred Stock") in the amount of $0.578125 per share,
payable on June 30, 2009 to shareholders of record as of June 20,
2009. The Series A Preferred Stock was issued on July 5, 2007 and
trades on the NASDAQ Capital Market under the symbol "DBLEP." About
Double Eagle Double Eagle Petroleum Co. explores for, develops, and
sells natural gas and crude oil, with natural gas constituting more
than 95% of its production and reserves. The Company's current
major development activities are in its Atlantic Rim coal bed
methane play and in the Pinedale Anticline in Wyoming. This release
contains forward-looking statements regarding Double Eagle's future
plans and expected performance based on assumptions the Company
believes to be reasonable. A number of risks and uncertainties
could cause actual results to differ materially from these
statements, including, without limitation, the success rate of
exploration efforts and the timeliness of development activities,
fluctuations in oil and gas prices, and other risk factors
described from time to time in the Company's reports filed with the
SEC. In addition, the Company operates in an industry sector where
securities values are highly volatile and may be influenced by
economic and other factors beyond the Company's control. Double
Eagle undertakes no obligation to publicly update these
forward-looking statements, whether as a result of new information,
future events or otherwise. Company Contact: John Campbell, IR
(303) 794-8445 http://www.dble.us/ DATASOURCE: Double Eagle
Petroleum Co. CONTACT: John Campbell, IR of Double Eagle Petroleum
Co., +1-303-794-8445 Web Site: http://www.dble.us/
Copyright